2225 Hwy 44th W Inverness, FL 34453-3805
- Turn key restaurants
- 6,224 SF
- 3.31 lot acres
Current Use by Public Records
- Outback Steakhouse / Bar & Grill / Gluten-Free Restaurant
Property Details for 2225 Hwy 44th W
- Year built
- 2001
- Construction
- WOOD
- Lot size
- 3.31 lot acres
- Property size
- 6,224 SF
- Zone code
- C COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 19E-19S-13-0020-039.0
- APU
- 19E19S1300200390
Description
This exceptional investment opportunity presents a 6,174-square-foot Outback Steakhouse located on a 3.33-acre lot at 2225 Hwy 44 W, Inverness, FL 34452. The property boasts an absolute NNN lease with a corporate guarantee from Bloomin' Brands, offering ±12.3 years remaining on the primary term, plus three 5-year renewal options. Enjoy attractive annual rent escalations of 1.8%. The restaurant benefits from excellent visibility and accessibility on Highway 44 West (29,400 vehicles per day), situated just two miles west of downtown Inverness and near the intersection with US Highway 41 South (18,400 vehicles per day), providing convenient access to Tampa. Its strategic location is complemented by proximity to a medical office building, a Chevrolet dealership, RaceTrac, Starbucks, and newly constructed apartments. The property is surrounded by significant retail development, including the Shops at Inverness, Citrus Center Shopping Mall, Citrus Plaza, and Highland Square Shopping Mall, featuring a wide array of national retailers. Built in 2001, this 100% occupied property generates a strong net operating income (NOI) of $269,238, representing a 6.00% cap rate and a price per square foot of $726.81. The asking price is $4,487,300. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a thriving retail corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,960,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,720,000
- 6.5%
- $3,995,000
- 7%
- $4,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,960,000
- Geo Method
- $4,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,090,000
- Retail
- $3,705,000
- Mixed-Use
- $3,295,000
- Hospitality
- $4,220,000
- Educational
- $4,305,000
- Residential Income
- $4,375,000
- Energy
- $3,910,000
- Income-Based Land
- $3,245,000
- Food Service
- $3,680,000
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3597
- Latitude
- 28.8388
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
